Categories AlphaGraphs, Earnings, Technology
Microchip Technology (MCHP) Earnings: Key financials and quarterly highlights
Microchip Technology Inc. (NASDAQ:MCHP) today announced its first quarter financial results for the period ended June 30, 2020.
Net income for the second quarter 2021 was $123.6 billion, or $0.48 per share, compared to net income of $50.7 million, or $0.20 per share in the second quarter of 2020.
Net sales down 1% to $1.31 billion.
During the quarter, cash flow from operations stood at $501.8 million.
“In the June quarter, our Data Center and Computing end markets continued to show strength from the shift to a work from home environment. Medical devices necessary to treat COVID-19 patients in addition to a host of other hospital equipment needed to support increased patient loads were also strong in the quarter. Our Automotive business was very weak, particularly in April and May due to the widespread factory shutdowns, but we are starting to see some improvement in this portion of our business”
Ganesh Moorthy, President and COO
Most Popular
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
Target (TGT): A look at some of the challenges faced by the retailer in 3Q24
Shares of Target Corporation (NYSE: TGT) stayed green on Thursday, recovering from the stumble it took a day ago after delivering disappointing results for the third quarter of 2024 and
